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I'm in complete agreement that holding something like GLD is only valuable as a hedge against market volatility. As for owning gold rather than "gold", I find
by klochner 15y ago
I'm in complete agreement that holding something like GLD is only valuable as a hedge against market volatility.
As for owning gold rather than "gold", I find appeal in being able to put $30k in my pocket in the event that credit cards or ATMs are temporarily out of service, which could happen well short of an "apocalypse."